Intersecting Minds: Education, Business and Technology at the North Carolina State Jenkins Graduate School of Management

Monday Quick Links | February 1, 2010

Onto another week of business, economic and tech-related happenings:

Barack Obama introduced his federal budget today, which included a record $1.56 T deficit. Most of the added debt resulted from stimulus spending last year to boost the economic recovery.

– More good news for the US economy as manufacturing expanded faster than at any point since 2004. Here’s hoping the jobs situation begins to recover next.

Citigroup is planning to sell off its private equity investment division. President Obama has begun to apply pressure on the financial industry to separate depository institutions from proprietary trading units to blunt risk in the system.

– Exxon Mobil reported a 23% slide in quarterly profit compared to last year. However, the energy giant still topped analysts expectations.

And Toyota has outlined a fix for the faulty gas pedals that caused them to recall millions of cars around the world.

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1 Comment »

  1. I recently came across your blog and have been reading along. I thought I would leave my first comment. I don’t know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.

    Lucy

    http://businesseshome.net

    Comment by Lucy — February 2, 2010 @ 5:11 am


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